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A Workstream hiring specialist can help you identify high impact ways to improve your applicant experience, and even help you determine what is a good hourly wage for your location and business.
The South Carolina minimum wage follows the federal minimum wage rate of $7.25 per hour. Employers are required to pay their employees at least the federal minimum wage, and if a state minimum wage is higher than the federal rate, employers must pay the higher state rate. Employers are also required to pay their employees for overtime at a rate of one and one-half times their regular rate of pay for all hours worked over 40 in a workweek.
However, it's important to note that the South Carolina minimum wage laws can change over time, so it is advisable to always stay up to date with the latest minimum wage data to make sure that you are competitive when it comes to hourly employee pay.
It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.
This question is a difficult one to answer, as a "good hourly wage" is highly subjective according to experience, work responsibilities, cost of living, and other factors. We recommend using Hourly Wage Index data as a starting point. Once you have established a baseline for certain positions, do further research into similar businesses in your area.
Lastly, consider surveying your employees. They're the best resource to help you know what is a good hourly wage, what competitive pay looks like in your location, and how competitive wages change in your industry over time.
We know that getting applicants to pay attention to your business can be extremely challenging, and that offering competitive pay is a huge part of that. Wages aren’t everything, however! Applicant experience is another important factor that can help set you apart from your competition. A few examples include: